On March 26, 2026, EBR Systems, Inc. filed a Certificate of Amendment to its Amended and Restated Certificate of Incorporation with the Secretary of State of Delaware, which will implement a one-for-ten (1:10) reverse stock split of the company's common stock. This reverse stock split will take effect on April 1, 2026, at 4:00 a.m. Eastern Time. The decision follows the approval of the stockholders at the Annual Meeting held on March 11, 2026, where the Board of Directors recommended the split ratio. The final ratio of 1-for-10 was determined by the Board on March 17, 2026, abandoning all other proposed amendments. As a result of this split, every ten shares of the company's common stock will be converted into one share, without affecting the number of authorized shares or the par value of each share. The outstanding CHESS Depositary Interests (CDIs) will also adjust their conversion ratio from 1-to-1 to 10-to-1, ensuring no anticipated change in value for CDI holders. This strategic move aims to enhance the company's stock price and improve its market perception, potentially attracting more investors and increasing liquidity.

Press Release distribution

National Press Distribution across U.S. Media. Direct Access to Key Decision Making Editors.